Business Today: Stock futures up ahead of Fed statement, after sell-off

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Good Morning Aron, WED 28 Apr 2010    Stock futures up ahead of Fed statement, after sell-off Fed seen maintaining promise to keep rates low Goldman chief says doesn't think of resigning: report Pressure grows on Germany to back Greek bailout AOL reports profit, ad revenue still weak WellPoint profit tops estimates Dow Chemical profit, revenue spike Sprint loss widens but subscriber losses improve Amid stalemate, Republicans float bank-reform plan Shell profit soars on oil price, output growth Shell's profits soar on oil price Business Update: Asian shrs tumble EU: Greek debt talks on track Stock futures up ahead of Fed statement, after sell-off April 28, 2010 08:06 AM ET NEW YORK (Reuters) - U.S. stock index futures rose on Wednesday, following a steep sell-off in the previous session, as investors awaited the Federal Reserve's interest rate decision and a statement on the economy. Full Article Fed seen maintaining promise to keep rates low April 28, 2010 12:32 AM ET WASHINGTON (Reuters) - The Federal Reserve is expected on Wednesday to repeat its vow to keep interest rates at rock bottom levels for "an extended period" while acknowledging that the U.S. economic recovery is getting stronger. Full Article Goldman chief says doesn't think of resigning: report April 28, 2010 08:17 AM ET WASHINGTON (Reuters) - Goldman Sachs Chief Executive Lloyd Blankfein said he has not thought about resigning amid accusations the firm helped inflate the housing bubble and then made billions off the market's collapse. Full Article Pressure grows on Germany to back Greek bailout April 28, 2010 07:42 AM ET BERLIN (Reuters) - German politicians came under pressure Wednesday to cast aside their doubts over a bailout for Greece, with markets increasingly alarmed that Athens may default on its debt and trigger a meltdown elsewhere in Europe. Full Article AOL reports profit, ad revenue still weak April 28, 2010 08:27 AM ET NEW YORK (Reuters) - AOL Inc reported lower first-quarter results on Wednesday, hurt by a drop in display advertising revenue as it revamped its sales team following last year's split with Time Warner Inc . Full Article WellPoint profit tops estimates April 28, 2010 07:57 AM ET NEW YORK (Reuters) - Health insurer WellPoint Inc posted a better-than-expected first-quarter profit on Wednesday, as the company spent less premium revenue on medical costs and reported improvement in its Medicaid plans for low-income Americans. Full Article Dow Chemical profit, revenue spike April 28, 2010 06:51 AM ET NEW YORK (Reuters) - Dow Chemical Co , the largest U.S. chemical maker, posted a better-than-expected first-quarter profit on Wednesday as pricing, volume and sales spiked. Full Article Sprint loss widens but subscriber losses improve April 28, 2010 08:16 AM ET NEW YORK (Reuters) - Sprint Nextel , the No. 3 US mobile service, posted a quarterly loss that was in line with expectations as customer losses slowed from the same quarter the year before. Full Article Amid stalemate, Republicans float bank-reform plan April 27, 2010 07:02 PM ET WASHINGTON (Reuters) - Senate Republicans on Tuesday floated their first counterproposal to rewrite financial regulations after blocking a more sweeping Democratic plan for a second straight day. Full Article Shell profit soars on oil price, output growth April 28, 2010 06:24 AM ET LONDON (Reuters) - Royal Dutch Shell Plc continued a run of better-than-expected first-quarter profit rises by the big international oil companies on the back of higher oil prices, and boosted, in its case, by an unexpected return to production growth. Full Article

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